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EXCHANGE RATE OF ONEUSD ON FOREX

Harmony (ONE) vs US Dollar at Forex

ONE/USD is the rate of the digital currency Harmony against the U.S. dollar. The current rate of the cryptocurrency, as well as the history of changes in the price of Harmony reflected in the form of a chart will be useful for Forex traders investing in this currency pair.

The main thing about Harmony cryptocurrency

Altcoin is a Tier 1 blockchain created in 2019 based on Effective Proof of Stake. The network operates based on 4 shards and crosschain bridges. Transactions in the system are processed in parallel, thus achieving decentralization and scalability of the blockchain network.

The tokens of the network are called ONE. Tokens are traded on cryptocurrency exchanges and Forex. The cryptocurrency has a capitalization of over $287 million.

Investing in the ONE/USD currency pair

Harmony currency has above-average volatility. Over the past 12 months, the rate of ONE to the U.S. dollar has changed significantly several times. It is recommended to invest in this currency pair only to experienced traders who are able to predict the further dynamics of the rate and correctly determine the moment for trading operations.

Active Forex traders invest in the pair ONE/USD for short and medium term. However, it is impossible to say that this pair is definitely not suitable for long-term investments. The demand for crosschain bridge technology, which underlies the functioning of the network, is growing. This blockchain is seen as one option to create a bridge between Bitcoin, BNB Smart Chain, Ethereum (ETH) and other altcoins. Therefore, there is a chance that in the long term, Harmony's exchange rate to the U.S. dollar on the forex market will rise.

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